NEVEC: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
NEVEC
Largest movements
- Tangible fixed assets -€136,869
down €136,869 (-4.9%), from €2.8m to €2.6m
- Debts after one year -€155,071
down €155,071 (-5.8%), from €2.7m to €2.5m
- Gross operating margin +€13,063
up €13,063 (+5.5%), from €238,972 to €252,034
- Taxes +€2,671
new in 2025: €2,671
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,862,666 | €2,753,985 | -€108,681 | -3.8% |
| Fixed assets | 21/28 | €2,770,901 | €2,634,032 | -€136,869 | -4.9% |
| Tangible fixed assets | 22/27 | €2,770,901 | €2,634,032 | -€136,869 | -4.9% |
| Land and buildings | 22 | €2,770,901 | €2,634,032 | -€136,869 | -4.9% |
| Current assets | 29/58 | €91,765 | €119,953 | +€28,188 | +30.7% |
| Cash at bank and in hand | 54/58 | €91,765 | €119,953 | +€28,188 | +30.7% |
| Total equity and liabilities | 10/49 | €2,862,666 | €2,753,985 | -€108,681 | -3.8% |
| Equity | 10/15 | -€11,268 | €32,908 | +€44,177 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | - | €26,708 | +€26,708 | |
| Distributable reserves | 133 | - | €26,708 | +€26,708 | |
| Profit (loss) carried forward | 14 | -€17,468 | €0 | +€17,468 | |
| Amounts payable | 17/49 | €2,873,934 | €2,721,076 | -€152,858 | -5.3% |
| Amounts payable after more than one year | 17 | €2,689,163 | €2,534,092 | -€155,071 | -5.8% |
| Financial debts | 170/4 | €2,689,163 | €2,534,092 | -€155,071 | -5.8% |
| Amounts payable within one year | 42/48 | €181,400 | €184,558 | +€3,158 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €165,338 | €167,887 | +€2,549 | +1.5% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | - | €671 | +€671 | |
| Taxes | 450/3 | - | €671 | +€671 | |
| Other amounts payable | 47/48 | €16,062 | €16,000 | -€62 | -0.4% |
| Accrued charges and deferred income | 492/3 | €3,371 | €2,427 | -€945 | -28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €136,869 | €136,869 | +€0 | 0.0% |
| Other operating charges | 640/8 | €20,823 | €21,476 | +€652 | +3.1% |
| Gross operating margin | 9900 | €238,972 | €252,034 | +€13,063 | +5.5% |
| Operating profit (loss) | 9901 | €81,279 | €93,689 | +€12,410 | +15.3% |
| Financial charges | 65/66B | €49,006 | €46,842 | -€2,164 | -4.4% |
| Recurring financial charges | 65 | €49,006 | €46,842 | -€2,164 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €32,273 | €46,847 | +€14,574 | +45.2% |
| Income taxes | 67/77 | - | €2,671 | +€2,671 | |
| Profit (loss) for the period | 9904 | €32,273 | €44,177 | +€11,903 | +36.9% |
| Profit (loss) for the period to be appropriated | 9905 | €32,273 | €44,177 | +€11,903 | +36.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.